Manhattan Borough President Mark Levine and Chinatown Partnership Executive Director Wellington Chen jointly announced an open call for project proposals to be considered through the $20 million Chinatown Downtown Revitalization Initiative (DRI).
The announcement on March 4 signaled an opportunity for any organizations or individuals to submit proposals for any project seeking funding within or adjacent to the Chinatown DRI area.
To be considered for the open call, applicants must meet the following criteria: Be a capital construction project such as the development or rehabilitation of real estate or an improvement to public space, have a project sponsor with the ability to lead project planning and implementation and to cover project costs while awaiting reimbursement from the State, have a defined scope and budget based on professional plans or comparable estimates, demonstrate ownership or control of the project site, either by the proposer or a partnering entity, and support from any required private partners or government agencies, be fully funded once funds requested through DRI are included and be able to break ground within 2 years.
